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ii. Redeemable in whole but not in part at the option of the Company, at any time on or after 10th January,<br />
2010, if the closing price of shares (translated into US Dollars at the prevailing rate) for each of the<br />
25 consecutive trading days immediately prior to the date upon which notice of redemption is given was at<br />
least 130% of the applicable early redemption amount divided by the applicable Conversion Ratio.<br />
iii. Redeemable on 11th January, 2011 at 139.729% of its Principal amount if not redeemed or converted earlier.<br />
The redemption premium of 39.729% payable on maturity of the bond if there is no conversion of the bond to<br />
be debited to Securities Premium account evenly over the period of 5 years from the date of issue of bonds.<br />
During the year, 30,000 FCC Bonds of USD 1000 each aggregating to USD 30 Million were redeemed on<br />
11th January, 2011 on maturity. As of 31 March 2011 NIL FCC Bonds (2010-30,000) of USD 1000 each<br />
are outstanding.<br />
13. National ECS facility (NECS):<br />
As per RBI notification,w.e.f from 1st October, 2009,the remittance of money through ECS is replaced by National<br />
Electronic Clearing Services (NECS) and banks have been instructed to move to the NECS platform.<br />
NECS essentially operates on the new and unique bank account number, allotted by banks post implementation of Core<br />
Banking Solutions (CBS) for centralized processing of inward instructions and efficiency in handling bulk transactions.<br />
In this regard, shareholders holding shares in electronic form are requested to furnish the new 10-digit Bank Account<br />
Number allotted to you by your bank, (after implementation of CBS), alongwith photocopy of a cheque pertaining to<br />
the concerned account, to your Depository Participant (DP). Please send these details to the Company/Registrars,<br />
only if the shares are held in physical form, immediately.<br />
If your bank particulars have changed for any reason, please arrange to register the NECS with the revised bank particulars.<br />
The Company will use the NECS mandate for remittance of dividend either through NECS or other electronic modes<br />
failing which the bank details available with Depository Participant will be printed on the dividend warrant. All the<br />
arrangements are subject to RBI guidelines, issued from time to time.<br />
Shareholders are advised to opt for payment of dividend through NECS. The salient benefits of receiving dividend<br />
payment through NECS amongst others may be listed as below:<br />
a) There are no clearing charges in the hands of the investor/recipient, the same are borne by the Company;<br />
b) Risk as to fraudulent encashment of the dividend warrants, loss/interception of dividend warrants in transit, are eliminated;<br />
c) The facility ensures instant credit of the dividend amount in the desired account which to the recipient, means<br />
effortless and speedier transaction and hassles as to revalidation etc are done away with;<br />
d) Once the payment is made through NECS Company issues intimation letters to the investors as to credit/payment<br />
of dividend, providing therein the details of the account and amount. Investors may download the NECS Mandate<br />
Form from the Company’s website and send the same duly filed in to registrars for updating of records.<br />
14. Code for prevention of Insider Trading<br />
We have comprehensive guidelines on preventive Insider Trading. Our guidelines are in compliance with the SEBI<br />
guidelines on prevention of Insider Trading.<br />
15. Investor Helpdesk: For clarifications/assistance, if any, please contact:<br />
Corporate Office<br />
Registrars & Transfer Agents<br />
Persons to contact Mr. Sanjay Chowdhary Mr. M. R. V. Subrahmanyam<br />
Address:<br />
<strong>Glenmark</strong> Pharmaceuticals Ltd<br />
<strong>Glenmark</strong> House, HDO Corporate Building,<br />
Wing A, B. D. Sawant Marg, Chakala,<br />
Karvy Computershare Pvt. Ltd.<br />
Plot No.17 to 24, Near Image Hospital,<br />
Vittalrao Nagar, Madhapur,<br />
Off. Western Express Highway, Andheri (E), Hyderabad - 500 081.<br />
Mumbai - 400 099.<br />
Telephone (022) 40189999 (040) 23420818-828<br />
Fax No. (022) 40189986 (040) 23420814<br />
E-mail webmaster@glenmarkpharma.com mrvs@karvy.com<br />
Website www.glenmarkpharma.com www.karvy.com<br />
Investor Redressal complianceofficer@glenmarkpharma.com -<br />
Declaration regarding affirmation of Code of Conduct<br />
In terms of the requirements of the amended Clause 49 of the Listing Agreement, this is to confirm that all the members<br />
of the Board and the senior management personnel have affirmed compliance with the Code of Conduct for the year<br />
ended 31 March 2011.<br />
Place: Mumbai<br />
Date: 10 May 2011<br />
Glenn Saldanha<br />
Chairman & Managing Director<br />
46<br />
GLENMARK PHARMACEUTICALS LIMITED